Advance planning in light of the proposed tax law changes included in the For the 99.5 Percent Act, STEP Act and the Biden Administration’s Green Book.
Proposed tax law changes introduced this year provide valuable insight...more
6/25/2021
/ Biden Administration ,
Charitable Donations ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Green Book ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Tax Planning ,
Trusts
Taking advantage of retirement account planning and charitable giving opportunities created under the new stimulus package.
Required Minimum Distributions are waived for 2020, allowing further income tax deferral until at...more
4/7/2020
/ Business Closures ,
CARES Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Compliance ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Gift Tax ,
Gift-Tax Exemption ,
Income Taxes ,
Lenders ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Small Business
There have been a number of significant estate planning developments in 2018 which will help clients prepare for 2019.
The historically high increased exemption amounts for gift, estate and generation-skipping transfer...more
12/21/2018
/ Beneficiaries ,
Charitable Deductions ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
IRS ,
Pending Legislation ,
Proposed Rules ,
Tax Cuts and Jobs Act ,
Trusts
The Tax Cuts and Jobs Act, providing extraordinary estate planning opportunities, was signed into law by the President on December 22, 2017.
The new Act allows for a great opportunity to take advantage of increased...more
12/29/2017
/ 529 Plans ,
Alternative Minimum Tax ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
International Tax Issues ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Title II ,
Title V
If enacted, the Tax Cuts and Jobs Act could open up significant estate planning opportunities.
The House bill doubles the exemptions from estate, gift and generation-skipping transfer taxes, creating new opportunities for...more
11/29/2017
/ Charitable Donations ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
International Tax Issues ,
Pass-Through Entities ,
Popular ,
Tax Deductions
On August 2, 2016, the Treasury Department released proposed regulations amending and expanding upon the current regulations to Internal Revenue Code Section 2704. The proposed regulations, if adopted, would affect the...more
8/23/2016
/ Business Succession ,
Business Valuations ,
Closely Held Businesses ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Family Limited Partnerships ,
Gift Tax ,
IRC Section 2704 ,
IRS ,
Limited Liability Company (LLC) ,
Partnerships ,
Succession Planning ,
Transfer of Assets ,
Transfer Taxes ,
U.S. Treasury